Company Archive

Coverager Data

Zurich Australia partnered with Crop Risk Underwriting Ventis Insurance partnered with Bravo Networks USI Insurance Services partnered with CNA Insurance GuardianPointe picks ZestyAI in Underwriting Hagerty partnered with Barrett-Jackson ING Group partnered with bolttech Ameriprise Financial raised $750M Cleerly Mortgages picks Acre in Admin Leavitt Group picks FurtherAI in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M KOBAN SÜDVERS picks CyberCube in Risk Mitigation AIG picks Poetic in Underwriting Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M

Consumer fintech Current raises $80 million

By Shefi Ben-Hutta

Current also expanded its partnership with Cross River.

Business

Markel appoints Grant Smith to lead its Transport and Logistics team

By Coverager ·

Smith will be responsible for defining the underwriting strategy for the Transport and Logistics team.

Business

Change in Mobiliar’s market management

By Gabriella Ben-Hutta ·

Patric Deflorin, Head of Market Management, has decided to leave Mobiliar.

Business

Direct Line welcomes new leaders to executive committee

By Gabriella Ben-Hutta ·

The company has confirmed three appointments to its Executive Committee.

Business

DeNexus expands its cyber risk management solution

By Gabriella Ben-Hutta ·

The upgraded solution helps justify physical and cybersecurity investments at current and future data center facilities.

Business

Inszone acquires Roten & Company Insurance

By Coverager ·

This acquisition strengthens Inszone’s footprint in Texas.

Business

Danny Anderson transitions to new role at IOA

By Coverager ·

He will focus on client and carrier relationships.

Business

Gallagher acquires Encore Group

By Coverager ·

Encore Group is a retail insurance brokerage firm serving commercial clients primarily in Ontario.

Business

Hub International acquires Byrnes Agency

By Coverager ·

Terms of the deal were not disclosed.

Product

Ibexis introduces WealthDefender Series

By Coverager ·

Ibexis is a fixed annuities provider.

Strategy

Incline P&C Group names Sheel J. Patel chief risk and strategy Officer, Lauren Wiedenfeld CFO

By Coverager ·

Both executives bring decades of experience in financial management, strategy, and leadership across major organizations.

Business

Hub International expands in New Mexico

By Coverager ·

Terms of the transaction were not disclosed.

Innovation

Acera Insurance expands into Saskatchewan

By Coverager ·

BMA Group, established in 2012, specializes in designing competitive plans for local businesses and will transition into Acera Benefits.

Business

Transcarent to acquire Accolade

By Gabriella Ben-Hutta ·

Transcarent will acquire Accolade for $7.03 per share in cash, which represents a total equity value of approximately $621M.

Business

Cytora partners with Moody’s RMS

By Gabriella Ben-Hutta ·

The integration will enable P&C underwriters to gain insights into climate and natural disaster risk.

Business

Mercury reports damage from Southern California wildfires

By Shefi Ben-Hutta ·

The wind-driven wildfires have caused substantial damage, with losses expected to exceed Mercury’s $150 million reinsurance retention.

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